Published on 12/27/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.39 million digital barrier notes linked to Russell, S&P
By Kiku Steinfeld
Chicago, Dec. 27 – Credit Suisse AG, London Branch priced $3.39 million of 0% digital barrier notes due Jan. 14, 2021 linked to the lower performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 6% unless either index finishes below its 68.85% knock-in level, in which case the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $3,389,000
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Maturity: | Jan. 14, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 6% unless either index finishes below knock-in level, in which case par plus return of lesser-performing index
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Initial levels: | 3141.63 for S&P 500 and 1631.926 for Russell 2000
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Knock-in levels: | 2163.012255 for S&P 500 and 1123.58105 for Russell 2000, or 68.85% of initial levels
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Pricing date: | Dec. 11
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Settlement date: | Dec. 16
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.43%
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Cusip: | 22551NCV6
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